Global Vehicle Loss Insurance Market Growth (Status and Outlook) 2024-2030

Global Vehicle Loss Insurance Market Growth (Status and Outlook) 2024-2030

Vehicle loss insurance is a type of insurance that covers physical loss or damage to your vehicle from various causes. These causes include, but are not limited to, collisions, fires, thefts, natural disasters (such as storms, floods, earthquakes), and vandalism.

The global Vehicle Loss Insurance market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Vehicle Loss Insurance Industry Forecast” looks at past sales and reviews total world Vehicle Loss Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Vehicle Loss Insurance sales for 2023 through 2029. With Vehicle Loss Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Loss Insurance industry.

This Insight Report provides a comprehensive analysis of the global Vehicle Loss Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Vehicle Loss Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle Loss Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Loss Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Loss Insurance.

United States market for Vehicle Loss Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Vehicle Loss Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Vehicle Loss Insurance is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Vehicle Loss Insurance players cover Progressive Corporation, Allstate Corporation, State Farm Insurance, Nationwide Mutual Insurance Company, Farmers Insurance Group, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Loss Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:
Basic Vehicle Damage Insurance
Comprehensive Vehicle Loss Insurance

Segmentation by Application:
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Basic Vehicle Damage Insurance
Comprehensive Vehicle Loss Insurance

Segmentation by Application:
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Progressive Corporation
Allstate Corporation
State Farm Insurance
Nationwide Mutual Insurance Company
Farmers Insurance Group
Liberty Mutual Insurance
Travelers Companies
American Family Insurance
Erie Insurance Group
Auto-Owners Insurance
MetLife Auto & Home
The Hartford
Amica Mutual Insurance Company

Please note: The report will take approximately 2 business days to prepare and deliver.